The authors develop a critical assessment of the globalization conception. In their opinion, the modern world is not a globalizing one and the only global problem that exists in our time is interaction between the «first world» and any other «worlds» in succession. Basic values of the European civilization are characterized in the article, first of all individualism. The conclusion is made that «globalization», i.e. the mighty intervention of the Western world on a planetary scale, is unable to lead within visible future to the establishment of anything like the Western democratic regimes, in the countries of the periphery. Further expansion of the Western world on the lines of the past decades can result just in its weakening both without and within the bounds of industrial civilization.